Our Market

If you had 3 months’ warning of every major failure in your plant over the past year, how much would you have saved?

Unscheduled breakdowns can have a major impact on total downtime, and can also increase maintenance costs as a result of emergency remedial actions.

Growth in the world machine condition monitoring equipment market has long been driven by capital investments in industries such as chemicals, petrochemicals, pulp & paper, metals, and heavy equipment manufacturing, among others. Condition monitoring has gained importance, over the years, as companies critically focused on asset utilization and productivity. The need for eliminating catastrophic breakdowns and unnecessary maintenance costs in production processes has and will continue to drive the adoption of condition monitoring solutions and together is forecast to help the market reach USD 3.07 Billion by 2022.